Tag Archives: trend

Two euro trades closed last week

I’ve entered long in EURGBP and EURUSD and closed both trades with profit on the 22nd. Both pairs were in an uptrend on the daily chart and had decent pullbacks.
EURGBP: entered long at Bar1 after the breakout from the consolidation that followed the break of the 4h pullback trendline. I decided to close the position at Bar2 with a small gain when the euro was under pressure ahead of the Eurozone meeting about the Greek rescue plan. I was long in EURUSD as well and wanted to reduce my euro long exposure. The price didn’t reach my initial stop but had strong move lower.
EURUSD: had a smilar setup, 4h countertrend was broken and I took a second entry signal for a breakout pullback trade at Bar1. The price hit may target at Bar2.
Both my trading decisions were based on the 4h charts, the entry trigger was a bullish pin for EURGBP and pinbar with and inside bar breakout for the EURUSD.

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EUR/SEK: closed a winner yesterday

I had a winning trade in EURSEK that I opened last week and closed yesterday. The pair broke above the bearish trendline from last November and then pulled back. I entered long at Bar1 and took profit at Bar2. The entry was a simple breakout pullback trade while the exit was based on gut feeling after the price started to pullback after a wide ranging bullish bar.


EUR/GBP: winning trade

I entered long on a pullback against the underlying uptrend in EURGBP. The entry was at Bar1 after a bullish pin indicating the end of a pullback following the breakout from a broader correction from the 0.8976 top. The price reached my profit target with a strong gain today after BoE comments on bond purchases. Closed the long with a 154 pips gain at Bar2.


EUR/SEK: trend breakout

EURSEK seems it has broken the 1d bearish trend


EUR/USD: bull flag

We have a potential bull flag breakout in EURUSD. the 4h chart shows a valid uptrend with a countertrend move withing the trend channel. On the 1h chart we have a break on the upside. Waiting for a pullback…


EUR/USD: long entry

Despite the recent price action which seems to be rangebound I entered long in EURUSD. The price is testing the short-term bullish trendline with a breakout pullback on the 15m chart. On the 4h chart the price is below the Keltner Channel therefore I will close this long if the level of the 1.4059 short term swing lows get violated.


EUR/CHF: long stopped with loss

My long in EURCHF was closed with a loss. The market has hit the initial stop in the Asian session then reversed shifting the trenline that contains the pullback. Annoying, indeed. I may give it another shot.